Nintendo is Japan's Second Most-Valuable Stock
Mar. 27
So what do the slashed analyst expectations for Nintendo in 2008, reported earlier, really mean? Here's another conflicting piece of the puzzle: right now Reuters is reporting that Nintendo's stock price has surged past Canon and is now the second-most valuable stock on the Japanese market, behind Toyota.
"At the Tokyo Game Show last week, Nintendo wasn't there officially. But there were a lot of software companies who are dedicating software to Nintendo platforms," KBC Securities analyst Hiroshi Kamide said.
"I think it's reasonable to think that this Christmas Nintendo strategy of catering to both core and casual gaming markets will succeed again."
It seems like KBC's calling for Nintendo to peak and start going downhill soon, or at least flattening out. At the same time, a Nintendo slowdown doesn't seem likely until 2009 given this kind of enthusiasm.
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